United States | ICT service exports (% of service exports, BoP)

Information and communication technology service exports include computer and communications services (telecommunications and postal and courier services) and information services (computer data and news-related service transactions). Development relevance: The balance of payments records an economy's transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, income, and current transfers, and the capital and financial account, which records capital transfers, acquisition or disposal of non-produced, nonfinancial assets, and transactions in financial assets and liabilities. Limitations and exceptions: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded. Statistical concept and methodology: The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions. The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual.
Publisher
The World Bank
Origin
United States of America
Records
63
Source
United States | ICT service exports (% of service exports, BoP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 2.62008734
1971 2.421875
1972 2.54681648
1973 2.9342723
1974 2.64805007
1975 2.7861123
1976 2.79187817
1977 2.79832744
1978 2.82087447
1979 2.85851877
1980 1.99789695
1981 1.55458515
1982 1.85966557
1983 2.00872002
1984 1.88429845
1985 1.9974553
1986 3.38642891
1987 2.93223328
1988 3.23851598
1989 3.0045619
1990 2.73907751
1991 3.33008645
1992 2.43509012
1993 2.40168683
1994 2.59287906
1995 2.57576656
1996 2.5367931
1997 2.89269914
1998 3.52902001
1999 4.43134278
2000 4.11075655
2001 4.52834706
2002 4.33487584
2003 4.73508321
2004 4.35628104
2005 4.11318661
2006 4.07529438
2007 4.10363597
2008 4.41779619
2009 4.77071841
2010 4.56270563
2011 4.55691215
2012 4.89484859
2013 5.04909538
2014 5.10256918
2015 5.38430445
2016 5.50438457
2017 5.69057152
2018 5.68970995
2019 6.25495831
2020 7.72027895
2021 7.31482637
2022 7.13254133

United States | ICT service exports (% of service exports, BoP)

Information and communication technology service exports include computer and communications services (telecommunications and postal and courier services) and information services (computer data and news-related service transactions). Development relevance: The balance of payments records an economy's transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, income, and current transfers, and the capital and financial account, which records capital transfers, acquisition or disposal of non-produced, nonfinancial assets, and transactions in financial assets and liabilities. Limitations and exceptions: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded. Statistical concept and methodology: The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions. The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual.
Publisher
The World Bank
Origin
United States of America
Records
63
Source